Bitcoin Forum

Not sure why my last post got locked - but Coinall is exit scamming

Currently there is 15 + tokens where deposits are not allowed

For example - I own 100k TEM in addition to many other currencies - I was moving them to an offline wallet

However they say its under maintain

Here is an email from coinall


However i have done so more digging :

This is the coinall exchange wallet:

https://explorer.temtum.com/address/0361ac903cd264dab19d288204d2cdee731d081c6cda025cd5f2cb7f46562cd301

as you can see they only have 5,968



Lots of tokens have gone from this address to liquid - it looks like coinall have moved tokens to liquid and sold them !


A few weeks ago TEM was doing 1m USD a day in volume - now when you try to API trade there is an attack bot which kills the spread and volume so now it has gone to zero - the exchange knows about this but refuse to do anything about it - this is the exchange !

Try for yourself - look at all the withdrawls that are disabled - they are a scam

I have emailed OKEX and they say they are not involved with coinall and i should email coinall

It has been this way over a month !


I don't know why my previous post was locked - this needs to be seen - People are about to loose tokens

Also this was my trading account before anyone says about leaving the tokens on an exchange

https://www.similarweb.com/website/coinall.com

they have so little web traffic now web trackers do not even list them

Still nothing ! - support ignoring all emails !

SCAM !

Did you open a scam accusation? I don't know Coinall has the representative here but it is a bit confusing overall. Why don't you take a screenshot from your account and defend your rights? Maybe you will not recover your funds but at least other traders will be warned about the possible scammers.

For me coinall exchange never been a smooth exchange. After TEMTUM token listed there, I followed this exchange several times. 100k isn't low amount,  I think you try with low amount. This is a lesson never trust centralized exchange for hold your long time. I think, For big transaction KYC is mandatory in top exchange.

This is very bad. I have never used this coin/exchange before and I only got to know about them after I came across their mobile app on the Google play store; that’s when I did some research and got to know a little about them.

But after I saw this post, I just checked for their app and it happened that they have taken down their app :-\. This is quite suspicious, and if it’s really a scam, I’m sorry because there is no way you will be able to get what you have lost to them or maybe there is, but several cases I have seen as this, the victims were not able to recover their funds. The best you can do is to just post a scam accusation. And then, accusing them is of no need since they have mysteriously disappeared.

I finally see the truth about this exchange. This is a bad exchange and uses a lot of bot trading, you should not use this exchange because you will not be able to make a profit with it. In addition, TEM is also a scam project when they only list at this exchange, they do not intend to list at any other exchange.

taking down their app is already clear warning that they are about to disappear anytime. their website is still up but I feel sorry for those who have funds that can't get it out from them. really difficult to trust exchanges nowadays. This is another example of not storing your coins in an exchange. Use them for trading but once you are finished, get it out as soon as possible and store it in your own wallet. I think I've seen the OP's thread before so I'm wondering why it is locked.

I also like you, didn't know this exchange before until I joined the temtum project. The TEM project was listed at this exchange in 2019 and I have been following it for a long time. But when I went to this exchange, I realized that this was a bullshit exchange, they had no volume and only used bots to fake volume. Stay away from this exchange as far as possible

It seems there is a problem with this exchange which they are not telling anyone yet, just like what the op has stated above, the tem withdrawal option has been disabled, even I ask on their telegram but the admin did not give me a satisfactory answer, it will be sad if this exchange will exist scam because they where suppose to have a connection with Okex, this is true because a coinall account details can also be use to login on Okex exchange,
This is why it is shocking that this exchange can do that, and worst thing is tem don't warn people about any possible danger so that users can withdraw their funds.

Lesson learn that never trust exchanges that has no Good reputation specially those who are not recognized in this forum because this place is where you can find people using exchange from time to time so the more exposure the exchange from the people happens here.
it is sad that this needs to happen first before realization but things will happen without our permissions .
try to follow what above says that Create Scam accusation though this is late because the apps is going to be dismantle right?

Coinall is a Okex strategic partner. Coinall is recognized as first exchange with open partnership program of Okex. It's like Okex is the parent company.
So, there's much more at stake for Coinall to scam users for some dollars. There might be some issues but I believe they'd solve them before it's too late.

no need to rush to conclusions. Coinall is one of the promising exchanges that has been developing for a very long time. I think that all the technical issues will be resolved. exchanges support do not always respond quickly

It's quite commonplace for multiple wallets to be under maintenance simultaneously, particularly when an exchange supports hundreds of assets.

It's also common for transfers to continue moving in and out of the wallet, since some exchanges have different privilages for API users, while some people might continue depositing to their own address since they don't know deposits/withdrawals are temporarily stopped.

If you genuinely think Coinall is running an exit scam, get some proof together and fire it over to some crypto news outlets. I'm sure they'd love to run the story.

Okex are no longer a partner - emailed okex support and they said they are nothing to do with coinall

Tem is on liquid exchange as well

https://blog.liquid.com/introducing-temtum-an-advanced-blockchain-payment-coin?hs_amp=true&__twitter_impression=true

You should check their website monthly visitors if you think this is a promising exchange - they have zero traffic to their site

Coinall is not popular, why use such exchanges that aren't popular? They are very dangerous, popular exchanges are very reliable, I don't know why people don't listen to warnings in crypto space

Coinall is ranked 111 coinmarketcap (https://coinmarketcap.com/rankings/exchanges/2/) with a volume of $ 12,698,859. although I did not use this exchange but was quite surprised to hear this news. If it is proven to be a scam, all people who have traded and conducted KYC there will feel worried that their personal data will be misused

May I suggest to the OP to open an accusations in this board:  Scam Accusations (https://bitcointalk.org/index.php?board=83.0) and let's see if they are going to respond from it. Another advantage is that it will have a good exposure in this community and obviously giving everyone a fair warning. You just have to prepare all your proofs, (screenshots, conversations).

If you are going to just post it here, might be buried from the countless threads popping in this board.

Can this be true? I know Coinall as a good exchange. Never knew they could have such a scam intention. What a sad thing to do. However, it has always been against advice to trust these centralized exchanges. As good and promising as any centralized exchange look, do not trust them. Well I do hope the coinall plan exist isn't true.

When asked if they have the funds ....


Dear Valued Customer,

Thank you for your reply. We are sorry that we are unable to provide this information. Please feel free to contact us again if you have further queries. Have a nice day.


If anyone doubts this claim - email their support and ask them - not just about tem - there is about 15 other currencies this is currently effecting!

Some wallets been unable to withdraw for the last 3 months

It is not about being a popular exchange but about being credible and trustworthy, before now, coinall was a decent exchange even it is not very popular among crypto communities, and being in partner with Okex exchange gave them some level of trust since Okex is one of very known exchange,  although, it is difficult to really consider it a scam attempt but not saying anything makes them look suspicious, I guess it is same behaviour with any exchange who wants to exit scam.

And I was planning to try thay Coinall exchange before. If this is the case, affecting the performance of their exchange which will also decrease it's potential use, then we can't even trust this kind of exchange.  We are risking our funds, we only wanted the guarantee and security of our funds with legitimate withdrawals. Hope they may clear this issue up.

They look like BCNEX, another scam exchange is like coinall. They have stopped withdrawing money since the beginning of 2020 and now they have exit scam, so I believe coinall will be the same. Hope you can withdraw your money from this exchange, but I think the chances will be very low

in my opinion we need to look at previous events when hacking of crypto assets that occur so much on exchanges such as binance. I mean when at that time a good exchange like binance can experience hacking, especially with this one exchange. and look at sentences from developers like that I make sure that it is a scam. because that is their only reason to flee the assets that you simulate and then disappear for as long without news and a sinking website.

I didnt want to trust this at all. from the very start

They have never been a reliable exchange in this market, they are Okex's partners but their exchange is a lot smaller than OKex. I have used this exchange several times but to be honest this is the most shit exchange I have ever used. Most trading pairs use bot trading to fake volume

i hope that you are not right about this , i participated some time ago in the TEM signature bounty , and after that i choose to double the reward by locking them , so this year they should send around 1200$ worth of TEM to the Coinall exchange , which i doubt anyway

That's really a lot of money that is at stake here. If by chance that this exchange is exit scamming, then there's a possibility that another dump would happen just like what happened last month. But I doubt it would happen soon. Let's anticipate this thread for now and we might learn something that would help us decide in the upcoming months. Who knows, this might be the next plustoken scam dump.

It is a good choice for the TEM campaign. Its price remains stable from last year until the present. But now coinall is having some problems, they have blocked most withdrawals at the exchange and TEM is also affected, hopefully they can fix as soon as possible.

Is there a misunderstanding here? Coinall is an exchange associated with Okex exchange, you can even use Okex's account to log in to Coinall. If coinall is really scam I would be very worried about my Okex account, I hope not because Okex is a big exchange.

You are right, we can use Coinall account to login to OKex. But what confused me was that OP sent an email to OKex, and Okex answered that they had nothing to do with Coinall. There is something shady here that makes us worry about this exchange

this is a wise solution. because in Cryptocurrency the amount of coins in the wallet is very difficult to manipulate, but if it has coupled an Exchange, then the loss of assets can be a result of hacking. I'm afraid your account has been hacked. Because coinall is a standard exchange that has been widely used and the type of coins you store is a new type of coin. So maybe there is a little technical error here.

Now ignoring emails !

Stay away from coinall and remove coins ASAP - I notice the number of tokens you cannot withdraw from has increased !

How can we get this news out so others do not get scammed

indeed there is something isnt right on here   . how the heck he can even use okex credentials on coinall when okex said they arent related  ?  or maybe he only use same login details on both exchanges  ( same register details  )    . 

okex is a known exchange so far but i dont know bout this coinall   . better if we not fully give our trust until accusiations have been cleared out     .  this reminds me of other new exchanges that appear lately and users were also accusing them for possible fraud  .

Okex used to own coinall - now when you email okex support they tell you they are not coinall and to contact them direct

Simple way to prove these claims - log into to coinall and see all the wallets which have been banned from withdrawing

Email coinall and they say it’s just maintainace - maintaince for 7 weeks now

If you guys can’t be bothered to check these claims don’t post when you get scammed

Wow, that's really bullshit. All wallets out of maintenance for 7 weeks just like that without a single reason? This is why I have a cynical view toward big exchange 'little project' because they just ride on big name and can easily pull out, wash their hand with lousy excuse 'we don't own that project anymore'.

There are alot of exit scam in the crypto space, and none should atleast be new to us.
It is up to all of us to be careful and never store our wealths on crypto currency exchanges.

This is been really worst experience from top exchange like coinall.There are a lot of exit scam nowadays in crypto industry I think it's one of them. Sorry to see this from you.By the way for me if you wanna store your bigger fund you must store them an offline wallet or even if you going to withdraw your money which is quiet heavy amount must complete kyc then withdraw. It's also another lesson for all.

Really wow. Such big maintenance looks similar to the case of Livecoin maintenance. The Livecoin team has decided to temporarily suspend the wallet of X coin and their forum account has been painted to red by the DT. The similar patterns lead to the same destination, unfortunately.

This is really sad but let's just be hopeful it doesn't just be what we are thinking or looking at but many exchanges went through such medium. I do hope this doesn't happen because if it does, it will break many hearts and I do not know how it will be together with this Corona virus issue. I really do hope it's just a glitch that will be handled soon.

I am not really using this exchange but thanks for sharing your experience.
If you may, I would suggest that you created a scam accusation about the exchange and put all the evidence so you'll get notice more by the community.

Old scam exchange will goin down today or tomorrow to new exchange comes. I wouldn't be surprised if running top exchange is scam because low trust will bring low volume which will headed to scam exchange. As far I know TEMTUM is good but listed exchange is only coinall exchange. Good project Bcnex exchange is doing same as coinall exchange, Bcnex exchange answer in Telegram.

I totally agree with you,  this is a difficult time as the whole world has been driven to crisis due to the coronavirus pandemic, i can't imagine anyone loosing such amount of money to scam during this difficult time. Coinall has been quite a reputable exchange but it's been long i heard any progress or update from them, i hope they are still in the game and will make it up to him because from the various proof he posted, it's obvious something is very fishy

Temtum is also listed on liquid which I was looking to transfer some to for more trading